Slides
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Business activity at 30 September 2026 Webcast – 22 October 2026 Belvédère–Bordeaux(Gironde)
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Disclaimer The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Neither the Company, nor its shareholders, nor their advisors or representatives, nor any other person shall have any liability whatsoever for any loss arising from any use of this document or its contents or otherwise arising in connection with this document. This document does not constitute an offer to sell or an invitation or solicitation of an offer to subscribe for or purchase any securities, and this shall not form the basis for or be used for any such offer or invitation or other contract or engagement in any jurisdiction. The information, assumptions and estimates that the Company could reasonably use to determine its targets are subject to change or modification, notably due to economic, financial and competitive uncertainties. Furthermore, it is possible that some of the risks described in Chapter 2 of the Universal Registration Document filed with the AMF under number D.26-0249 on 13 April 2026 could have an impact on the Group’s operations and the Company’s ability to achieve its targets. Accordingly, the Company cannot give any assurance as to whether it will achieve its stated targets, and makes no commitment or undertaking to update or otherwise revise this information. No assurance is given as to the fairness, accuracy, completeness or correctness of the information or opinions contained in this document. All financial figures presented are in accordance with IFRS. As changes are calculated based on exact figures, there may be rounding differences between reported figures, subtotals and totals. BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 02
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1 Contents Introduction BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 03 2 Business activity and revenue in 9M 2026 3 Outlook
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Introduction 01. LeSauleBlanc–Chantepie(Ille-et-Vilaine) BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 04
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(1) Taking into account the deterioration in the market environment observed in Q3, and barring any significant new deterioration in the market environment 9M 2026: Key takeaways 01. Introduction BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 05 Guidance for 2026 confirmed(1) Improvement in current operating profit (COP) from projects underway thanks to actions taken since 2023 Business activity in line with trend seen in H1 in a market experiencing a sharp decline (down 18% according to the French Federation of Real Estate Developers [FPI] in H1) Housing now a political priority at the national and European level: Measures to be taken in France’s 2028 budget bill Persistently more challenging macroeconomic environment, confirming the delay in the recovery Nexity is stepping up its transformation to adapt the Group to a cyclical low that has intensified in both scale and duration • Ongoing reinforcement of financial structure • Ongoing measures to adapt organisations to the market cycle
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Guidance for 2026 confirmed BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 06 01. Introduction (1) Confirmed taking into account the deterioration in the market environment observed in Q3, and barring any significant new deterioration in the market envir onment Ongoing actions taken since 2023 • Restoring margins for Planning and Development • Positive contribution of Serviced Properties business • Results of the cost-savings plan (€100m in savings achieved by year-end 2026) • Strictly selective approach to development of projects (>90% of supply for sale in supply-constrained areas, absorption rate <6months, no tangible inventory) • More secure project structuring aimed at preserving the Group’s balance sheet • Ongoing opportunity-based approach to non-strategic assets Trajectory for improving COP on projects underway Financial discipline Proactive measures taken, independent from market recovery Guidance for 2026 confirmed(1) • Improved operating profitability • Ongoing reduction in the leverage ratio
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9M 2026: Key indicators for business activity and revenue 01. Introduction BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 07 Reflects an automatic decline in business activity from projects underway and the market for planning and development due to the percentage -of- completion method... ...Partly offset by growth in Serviced Properties, driven by occupancy rates that remained high in key markets >90% in Zones Abis, A and B1 Pre-selling rate for developments: 73% Absorption rate below 6months ~3,100 retail sales, in line with the trend observed over the first 6 months of the year Bulk sales are not representative of the full year (with many deals signed in Q4) Supply for sale: Quality and selectivity 5,394 reservations over 9 months Group revenue for 9M 2026: €1.6bn (down 17%)
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Housing now a top political priority BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 08 01. Introduction (1) First budget to be issued during the five -year term of France’s next president Housing, a major campaign issue: Growing cross-partisan awareness of supply shortage Trend seen across Europe France’s 2027 budget bill containing first signals in favour of home ownership, as well as the private landlord status: • PTZ interest-free loan for growing families buying a larger home • Higher maximum limit on family cash gift allowances More far-reaching measures have become essential components of the 2028 budget bill(1) to be presented in autumn 2027 Housing has emerged as a key political issue, with governments under pressure to take decisive action in favour of housing In a social climate marked by protests over purchasingpower in several European countries, the housing crisis is at the top of the political agenda, particularlyin Spain, Portugal and Italy
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More challenging macroeconomic environment in Q3 BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 09 01. Introduction Confirmation of the revised cycle announced in July (1) Source: Observatoire Crédit Logement – Q3 Macroeconomic impact of conflict in the Middle East Higher fuel prices since January: Petrol up 30% on average, diesel up 48% Uptick in inflation: Up 3% year-on-year Slowdown in French economy Wait-and-see attitude prior to French elections Impact on household purchasing power Impact on household borrowing capacity Rise in long-term interest rates French 10-year government bond [OAT] yields at ~5% currently ➔Avg. mortgage rate: 3.40%(1) in Sept. (up15 bps vs June) Election cycle
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Nexity is stepping up its transformation to adapt the Group to a cyclical low that has intensified in both scale and duration BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 10 01. Introduction (1) Maturing in February 2028. (2) Completion guarantees serve to ensure our clients that programmes will be completed. Ongoing reinforcement of financial structure 1 Ongoing measures to adapt organisations to the market cycle2 Nexity’spartner banks have reaffirmed their confidence in the Group and the strategy of its management • Negotiations launched in advance with the syndicate of banks to extend the credit facility (1) and completion guarantees (2) ; agreement expected to be finalised in the coming weeks Review of organisations, brand portfolio and overhead costs Development focused on commercially secure programmes in supply-constrained areas, with rigorous control maintained over the Group’s balance sheet exposure Launch of a review of the portfolio of business activities outside property development Reinforce our solidity and sustainably size the Group for a lower level of market demand
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Athletes’Village–Saint-Ouen(Seine-Saint-Denis) Business activity and revenue in 9M 2026 02. 11 BUSINESS ACTIVITY AT 30 SEPTEMBER 2026
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Business activity – Main indicators 02. Business activity and revenue in 9M 2026 BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 Reiwa–Saint-Ouen(Seine-Saint-Denis) 12 Residential Real Estate Commercial Real Estate Services Backlog Supply for sale (4,891 units): Down 4% vs 9M 2025 Absorption rate <6 months Reservations: 5,394 units, down 17% (1) vs 9M 2025 • Retail sales: Down 10% by volume • Bulk sales: Down 26% (1) by volume Market still at a cyclical low Order intake: €23m, mainly outside the Paris region Backlog: (2) €3.5bn at end-September 2026 Backlog – Residential Real Estate Development and Planning: €3.4bn (1.6 years’ revenue) Serviced Properties: Occupancy rates stable and high • Students (Studéa): 97% (3) • Coworking: 83% (3) (1) Net reservations in the period to end -September 2025 have been restated to be presented as contributing to the backlog. They inc lude the impact of reservations cancelled prior to 2024 as a result of the Group’s decision in 2025 to abandon certain programmes (see breakdown by quarter in the appendices of the press release). (2) The backlog includes reservations for which notarial deeds of sale have not yet been signed and the portion of revenue remain ing to be generated on units for which notarial deeds of sale have already been signed. Of which contribution to revenue under IFRS: ~91% (3) Calculated on a rolling 12-month basis – mature sites
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Supply for sale: 4,891 units, aligned with market conditions • Supply under construction: 44% (1) • In planning stage: 53% Absorption rate securing supply rotation and resulting in virtually no unsold completed homes (1) >80% of “Under construction” units deliverable in more than 6 months (>60% in more than 12 months) BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 13 Derisked, high-quality supply for sale 02. Business activity and revenue in 9M 2026 BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 92% of supply for sale in supply-constrained areas (Abis, A and B1) Up 15 pts vs 2022 (up 16 pts in Zones Abis and A) 8 590 5 757 5 084 4 891 9M 2023 9M 2024 9M 2025 9M 2026 Absorption rate (# of months) Supply for sale (# of units) 6,5 6,4 4,9 5,7 • Best geographic coverage in the sector • Supply located in areas with the highest demand • 100% of supply eligible for PTZ interest-free loan scheme Pre-selling rate for launches in 9M 2026: 73%
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BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 14 Attractive supply for sale 02. Business activity and revenue in 9M 2026 (1) Nationwide campaign launched 21/09 – Discount calculated up to 4% of property value (2) Excluding managed LMNP schemes (for non -professional landlords of furnished property); division into usufruct and bare ownership ; Denormandie renovation scheme; France’s Malraux Act and historic monument tax benefit scheme; “ déficit foncier” mechanism (under which renovation and maintenance costs may be deducted from taxable income) (3) Source: French Federation of Real Estate Developers (FPI) – Based on H1: 150 to 200 reservations per month for the market (4) La Redoute is a French lifestyle e-commerce platform specialising in apparel and home decor Capacity to offer a range of supply suited to household solvency Sample decorating scheme suggested by La Redoute to Nexity clients. 3D furnished home tours >500 homes virtually furnished with more than 350 items Supply tailored to customers’ purchasing power Innovative partnership with La Redoute (4) x 100% of supply eligible (2) for Jeanbrun scheme 20% (3) market share Homebuyers Investors Campaign underway: (1) Notarial fees waived + Discount of up to €34,000 Help clients imagine their future home and drive purchase intent
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BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 15 New home reservations 02. Business activity and revenue in 9M 2026 Retail sales: Down 10% vs 9M 2025 (in line with H12026) Homebuyers: Down 18% in 9M amid higher interest rates and lower purchasing power Individual investors: 27% of the mix, with 1,465reservations, remaining stable: gradual ramp-up of Jeanbrun scheme with more than 260reservations since the scheme’s launch in Q1 Bulk sales: Not linear over the year, with timing of deals still highly concentrated in Q4 (for reference, ~50% of volume in 2025 reserved in Q4) BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 Homebuyers Individual investors Institutional investors Social housing operators 1 865 435 1 465 1 629 9M 2026 (by volume) 5,394 units Bulk: 2,300 units Retail: 3,094 units 35% 8% 30% Mix 27%
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BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 16 (1) Calculated on a rolling 12-month basis – mature sites (2) Scope: Morning (3) See specific press release published on 2 July 2026 Services 02. Business activity and revenue in 9M 2026 Studéa residence – Strasbourg (Bas-Rhin) Serviced Properties Leader in student residences Market leader in coworking spaces in Paris Market leader in private student residences (~17,000units) 138 residences in operation at end-September 2026 Occupancy rate(1) high at97% 86 sites at end-September2026 (total floor area: ~170,000 sq.m) Occupancy rate:(1) ~83% 98% of sites (2) located within the city of Paris and its inner suburbs Morning Laffitte (Paris CBD) Distribution 2 July 2026 Strategic partnership announced(3) with BPCE in the distribution of new and renovated homes Launch of a joint venture dedicated to selecting, acquiring and structuring a range of new and renovated homes sourced from developers Consolidation by BPCE of the distribution operations carried out within the BPCE network Q4 2026 17/10: Framework agreement signed Partnership to take effect in December
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(1) Calculated based on revenue from New Nexity (excluding discontinued operations and international operations) BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 17 Revenue in 9M 2026 02. Business activity and revenue in 9M 2026 Revenue for New Nexity (1) (in €m) Residential RE (79% of revenue(1)): Down 20% vs9M 2025 Revenue reflecting a decline in business activity from projects underway and the market due to the percentage- of-completion method Commercial RE (3% of revenue(1)) Down €4m, to €40m: Volume of business activity reflecting the market at a cyclical low Services (18% of revenue(1)): Down 3% vs 9M 2025 Serviced Properties (~80% of revenue from Services): Up 2%, driven by high occupancy rates (97% for student residences and 83% for coworking spaces) Distribution (20% of revenue from Services): Down 18% (lower number of deeds registered and base effect linked to delivery of Carré Invalides programme in April 2025) 3 3 300 292 44 40 1 577 1 254 9M 2025 9M 2026 Services Commercial Real Estate Development Residential Real Estate Development 1,923 1,589 -17% Other Activities
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Outlook 03. LesBergesd’Houlippe–Saint-Jean-de-la-Ruelle(Loiret) BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 18
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(1) Current operating profit/(loss) (COP) for New Nexity – Excluding discontinued operations and international operations (being man aged on a run-off basis) (2) Level of the leverage ratio included in the banking covenants renegotiated with partner banks in Q1 2025 BUSINESS ACTIVITY AT 30 SEPTEMBER 2026 19 Outlook 03. Outlook LesBergesd’Houlippe–Saint-Jean-de-la-Ruelle(Loiret) Guidance for 2026 confirmed Improvement in operating profitability, with COP for New Nexity(1) up in 2026 Ongoing reduction in the leverage ratio,(2) with the swiftest possible return to a level below the target of 3.5x, no later than 2027 Confirmed taking into account the deterioration in the market environment observed in Q3, and barring any significant new deterioration in the market environment Ramp-up in the Group’s transformation at the cyclical low Ongoing reinforcement of financial structure Ongoing measures to adapt organisations to the market cycle UPCOMING FINANCIAL EVENT Release of full-year results for 2026: 24 February 2027
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Nexity 67 rue Arago 93400 Saint-Ouen-sur-Seine (France) Phone: +33 (0)1 85 55 19 12